Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURGBP has been overall bearish trading inside the falling channel in red, however it is currently approaching around the upper trendline. Moreover, the zone 0.87 is a resistance zone. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the...
Preferred direction: SELL Comment: The currency pair did not immediately make money on a short trade, as we noted earlier in our instrument idea. However, the sell priority remains. A drop to the level of 1.09000 is expected, where the support is located. From this support, just like from the level of 1.08485, the medium-term trend of the Euro will depend. ...
EUR against GBP. I think that taking long entry at bullish breaker around 0.8618 can play out. The only concern is that price already was there after breakout. So same as with others setting alarm for that level to see how it evolves in action. Potential targets for bullish bounce 0.866 / 0.868 .... the rest for breakout above 0.87 which will take price to...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85700 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85700 support and resistance zone. Trade safe, Joe.
Here is my analysis for EURGBP on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Eurgbp Chance to hit 0.8600 zone very soon Pair getting strength day by day and going Towards the resistance. Price was stuck in narrow range now breakout of narrow range giving more bullish indication
Preferred direction: SELL Comment: The looking for shorts for the British continues. Previously, our ideas for sell for this currency pair worked out perfectly, you can also find them in the profile. The nearest target of the fall is 1.26989, from where sellers will develop downward movement. There is also a possibility of a false breakdown at the local...
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some days ago price bounced from support line and rose to resistance line of triangle, thereby breaking $0.8630 level. After this, British Pound started to decline and fell to $0.8565 support level, which coincide with support area. Also, price exited from...
Dear colleagues, I assume that the price is completing corrective wave 2 and an impulsive wave 3 will soon begin. The first target is in the support area at 0.85505. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
#EURGBP on the daily timeframe we can see a possible inverse head and shoulder pattern which can show up a bullish breakout on the neckline area in the future. If the breakout happens as expected we can expect the price to ladder up and continue the rally towards the next swing high formed.
Just as we analyzed last two weeks, the pair is already halfway. Though I left it due to higher swap as the duration was taking longer, but the bias is still the same. DISCLAIMER NOTICE! This is only my opinion and not a kind of financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
Hello,Friends! We are going short on the EUR/GBP with the target of 0.859 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Preferred direction: BUY Comment: Market participants are waiting for data on the US labor market, and it is pointless to try to "predict" the price movement. However, there is a very likely scenario, mainly based on their previous ideas for this currency pair. A downward movement towards the level of 1.09000 is expected, where Friday's buyers can show...
EURGBP smoothly playing the technical levels. Recently it break through range around 0.8590 region and now it retesting the broken level and still respecting the inclining trendline. Will the pair hold above the inclining trendline and buyers once again took benefit from these confluences?
Anticipating higher prices on EG. Looking for price to trend higher before a potential higher timeframe reversal/retracement. Will see how price forms on the lower timeframes near my entry level. R2F
The EURGBP pair is trading within a Channel Down pattern since the February 03 High and right now is attempting to make a rebound on the 1D MA50 (blue trend-line). The Resistance from the recent High is at 0.87025 (Resistance 1) and is near the spot we expect the next rejection to take place as it is also where the 1D MA200 (orange trend-line) is. We will use that...
We broke the daily market structure on July 19th and retraced beautifully in the buy zone last week. It looks like we can see some upside move here on to the sell zone. Entry - 0.85650 Stoploss - 0.85360 First Target - 0.86330 Final Target - 0.86770 Please let me know your inputs. Happy Trading!
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.86100, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86100 support and resistance zone. Trade safe, Joe.